I'm Worried!

The top may be in. Then again the top of WHAT?? The top of the market?? The top of OIL?? The top in gold and silver?? A lot of people are worried the top is in. I guess if you are a trader you need to ask yourself the question if people are asking themselves that question (daily on CNBS) then perhaps we don’t have a top yet in anything. One has to ask themselves if the top is in with 300 Billion in POMO coming. That money has to go somewhere. If one is familiar with tops in PMs then you know the volatility in either an intermediate or short term top just isn’t there. If you look at the charts of PMs and the miners it is NOT a parabolic print. So you can make up your own mind on what to do. But just remember, I mentioned a couple of weeks ago we were developing a “coiled spring” in these. This spring has not “sprung” completely yet.

We are in the midst of a historic rise in commodity prices. There will certainly be a collapse coming for any bubble but we aren’t there yet. Central banks will print until they are forced to stop by extreme prices and we aren’t there yet. Central banks will continue to print until we get an increase in the velocity of money…and we aren’t there yet. Central banks will print until the market reaches a point that everyone gets in again. But I am hearing top calling. This is your game and how you decide to play it is up to you, but only a fool can’t see what is happening.

This is my new channel we are in for the miners and gold and silver. It should be good for another 2-3 weeks. I am going to monitor my positions as I enjoy the day here. I hope that you don’t overtrade your core. Calls on SLW are still reasonable. Buy pullbacks if you get them.

I still like HL SLW SSRI ANV GORO EGO EXK GPL GFI

UEC USU URZ URG all in a core holding not adding yet.

Have not reviewed my DCTH….will do so today.

AEN RNN holding. GL

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